Happy Monday everyone!
The market finished on an ugly note last week, thanks to some hot inflation numbers.
But despite a market-wide sell-off and fear picking up…
Source: CNN
I’m still finding some juicy opportunities to trade.
In fact, I want to share with you my latest findings.
It’s four stocks that I believe can crush, even in this difficult, and volatile market.
How To Trade Right Now
I never trade without a plan.
This isn’t a gun-slinging competition. If I screw up it means money out of the wallet. It means food off the table.
And that can’t happen.
So I make sure to only trade the best setups.
And in order to find the best setups, I’ve gotta use the right patterns.
If you need help, I suggest picking one pattern to learn. Get good at that one strategy, and then use what you discover to trade more patterns.
Here’s my favorite pattern …
But you’ll always hear me say that everyone trades differently.
For example, my mentor Tim Sykes and I have different strategies. But He’s the reason I’ve made over $1 million in trading profits.
Take some time to browse different patterns before making a decision.
Sykes suggests this pattern right now.
Now, let’s get these stocks on your watchlist …
#1 The Singing Machine Company Inc. (NASDAQ: MICS)
This is a low float IPO that’s been really volatile lately. Thanks to expanding business news.
As I’m writing this it’s pushing to all-time highs.
I anticipate the volatility to continue in the next few days.
#2 BIMI International Medical Inc. (NASDAQ: BIMI)
This is a big former runner that’s moving again with news.
It’s got a pretty low float too. I like to see stocks with low floats (low supply of shares) because as demand grows, the price will spike higher.
Watch This BEFORE 9:30AM!
Have you seen what Tim Bohen has been up to EVERY morning between 9:29 and 9:30am?
If not, click here now because he’s getting ready to do it again.
Do NOT wait to see this.
For future reference, a low float is anything below 10 million shares.
#3 Imperial Petroleum Inc. (NASDAQ: IMPP)
This is a past spiker in a hot sector.
Gas prices keep going higher, and certain oil stocks are in a good position to soar.
The only thing I don’t like about this one is the float. It’s got 140 million shares available.
I’ll still keep it on my list though.
#4 Houston American Energy Corporation (AMEX: HUSA)
This is an even better oil and gas play.
It’s got a great history of spiking and the float is less than 10 million!
Don’t Do It on Your Own
This niche isn’t for everyone. It’s pretty cutthroat out there.
But it’s possible to succeed. I’m living proof of that.
And it helped that I didn’t have to do it alone.
While I was in the Trading Challenge I got to learn alongside a lot of other traders. Some of them became millionaires like me.
I’ve created my own class for budding traders. If you ever have a question or want to come study, I hold two live streams a week.
Prepare for profits,
Roland Wolf
Editor, The Wolf’s Den
All content in this newsletter is intended for educational and informational purposes only.
The material in this newsletter is not to be construed as (i) a recommendation to buy or sell stocks, (ii) investment advice, or (iii) a representation that the investments being discussed are suitable or appropriate for any person. No representation is being made that following The Wolf’s Den’s strategies will guarantee a particular outcome or result in profits. The price and value of stocks may fluctuate depending upon various market factors, and, as such, the strategies used by The Wolf’s Den to adjust for those fluctuations may change without notice.
There are significant risks associated with trading stocks and you must be aware of those risks, and willing to accept them, in order to invest in these markets. Past performance of any trading system or methodology is not indicative of future results. You should always conduct your own analysis before making investments.
You should not trade with money you cannot afford to lose and there is a risk that trading stocks will result in a complete loss of your investment. Trading stocks, particularly penny stocks, is not suitable for everyone and requires hard work, due diligence, capital, and substantial time to monitor the market and timely execute trades.
